USD/CHF snaps the previous day’s gains, trading lower around 0.8980 during the European session on Wednesday. The US Dollar (USD) could experience the
upward support driven by the improved US Treasury yields. The US 10-year Treasury yield stands at 4.35% by the press time, below its highest level in 16 years.Gross Domestic Product
Moreover, the Consumer Price Index forecast figure reduced to 2.2% in the year 2023 from the previous reading of 2.3%. For 2024, the inflation rose to 1.9%, which was seen at 1.5% earlier. According to a Reuters report, US Treasury Secretary Janet Yellen stated on Tuesday that, it is crucial for the US to experience a slowdown in its growth rate to a level that aligns with its potential growth rate.
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